Trading system based on the signals of the RSI_Slowdown indicator. A signal is generated at the close of a bar if a colored indicator arrow has appeared.
This Expert Advisor requires the compiled indicator file RSI_Slowdown.ex5 in order to run. Place it to terminal_data_folder\MQL5\Indicators.
Note that the TradeAlgorithms.mqh library file allows using Expert Advisors with brokers who offer nonzero spread and the option of setting Stop Loss and Take Profit together with position opening. You can download more variants of the library at the following link: Trade Algorithms.
Default Expert Advisor's input parameters have been used during the tests shown below. Stop Loss and Take Profit have not been used during the tests.
Fig. 1. Examples of deals on the chart
Testing results for 2015 on GBPJPY H6:
Fig. 2. Chart of testing results
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16526
Here are 6 classes, designed for convenient and intuitive use of indicators in your code.RSI_Slowdown
Semaphore signal indicator based on the RSI indicator, which features alerts, sending emails and push-notifications to mobile devices.